Trading_Smart

Trading_Smart

Bitcoin Price Analysis On our medium timeframe, 4H chart, we can see a wedge consolidation pattern forming with a flat bottom at about 45.5k and a descending top. It’s worth mentioning that the 45.5k local support has held on three retests, and is now trending back toward the red line to test resistance. On our daily chart, with moving averages shown,...

Trading_Smart

Little has changed so far as CS/BTC pair is still trading in the range between 0.00000340 and 0.00000360. Actually it is close to a resistance level and it seems to be reasonable to buy CS from 0.00000350 to 0.00000340 on scale down basis with a stop-loss at 0.00000319. The medium term target is close to 0.00000420 level. When it is broken the fast move to...

Trading_Smart

As US stock market is higher this morning so the crypto market is higher as well. BTC trades at 9350 (+1.8%) and ETH trades at 243 or (+2.5%). CS/TC pair trades at 0.00000350 and tries to break out 0.00000360 resistance level which is looking fragile now. The support at 0.00000340 remains good. It`s still a very good buying opportunity with the medium term target...

Trading_Smart

As US stock market is higher this morning so the crypto market is higher as well. BTC trades at 9350 (+1.8%) and ETH trades at 243 or (+2.5%). CS/TC pair trades at 0.00000350 and tries to break out 0.00000360 resistance level which is looking fragile now. The support at 0.00000340 remains good. It`s still a very good buying opportunity with the medium term target...

Trading_Smart

Crypto markets remain flat. BTC trades at 9180 and is almost unchanged this morning. There are no news to break out from the current range. CS/TC pair is trading close to 0.00000350 level just between the support at 0.00000340 and the resistance at 0.00000360. Based on TA it looks like CS/TC pair is building a major double bottom at 0.00000320 with a potential...

Trading_Smart

Crypto markets remain flat. BTC trades at 9180 and is almost unchanged this morning. There are no news to break out from the current range. CS/TC pair is trading close to 0.00000350 level just between the support at 0.00000340 and the resistance at 0.00000360. Based on TA it looks like CS/TC pair is building a major double bottom at 0.00000320 with a potential...

Trading_Smart

As Traders say Thank God it`s Friday though this week was quiet again with low volatility and volumes. The main markets remain stable. The US stock, currencies, commodities including crude oil and gold are flat. The crypto market was in tandem with others. Thus, BTC is trading at 9100 and ETH at 233 this morning. CS/BTC pair is trading close to 0.00000340 level...

Trading_Smart

As Traders say Thank God it`s Friday though this week was quiet again with low volatility and volumes. The main markets remain stable. The US stock, currencies, commodities including crude oil and gold are flat. The crypto market was in tandem with others. Thus, BTC is trading at 9100 and ETH at 233 this morning. CS/BTC pair is trading close to 0.00000340 level...

Trading_Smart

BTC and ETH price remain stable this morning though a bit lower but still above 9000 at 9090 for Bitcoin and 232 for Etherium. The reason for a decline could be the news that Twitter accounts of several public figures and major companies were hacked on Wednesday and inability for S&P500 to go above 3240. CS/BTC pair is trading close to 0.00000360 level after a...

Trading_Smart

This morning CS/BTC pair is trading close to 0.00000350 above 0.00000335/0.00000340 which is strong support level. Based on TA it looks like a good buying opportunity with the next target close to 0.00000415/0.00000420 resistance level. The stop-loss could be placed at 0.00000319. After the resistance level at 0.00000420 is broken the medium term target is still...

Trading_Smart

The crypto markets are mainly flat. The volatility and liquidity are declining due to summer holidays and lack of news. BTC and ETH are trading close to 9200 and 238 with very little change. CS/BTC pair approaches the broken trend line and 0.00000340 support level. The good buying interest is evident below this level. Technically it`s still oversold and the next...

Trading_Smart

BTC and ETH are very quite with low volume and low liquidity. The BTC range is still the same between 8900 and 9500. CS/BTC pair was good supported above 0.00000360 level this weekend. However some selling emerged this morning and the price dropped to 0.00000340 level. Technically it could be the trend line retest which one was broken last Thursday. It is still...

Trading_Smart

Very little has changed from yesterday as nothing is going on the main crypto pairs markets. BTC and ETH pairs remain flat at 9200 and 240. Yesterday on good buying CS/BTC pair successfully broke 0.00000360 resistance level and touched 0.00000420. It seems that 0.00000360 support level is strong enough with a good interest so the second push up to 0.00000450...

Trading_Smart

Very little has changed from yesterday as nothing is going on the main crypto pairs markets. BTC and ETH pairs remain flat at 9200 and 240. Yesterday on good buying CS/BTC pair successfully broke 0.00000360 resistance level and touched 0.00000420. It seems that 0.00000360 support level is strong enough with a good interest so the second push up to 0.00000450...

Trading_Smart

The US dollar was generally weak this morning regarding both gold and euro. This weakness in US dollar supported the crypto markets as well. Thus, BTC near touched 9500 area and ETH was close to 250 level. In such an environment CS/BTC pair was very good supported above 0.00000320 level. It still reasonable to expect a further rise to 0.00000360 resistance level...

Trading_Smart

The crypto markets are very quiet due to lack of news and summer holidays. BTC is also flat and trading around 9200/9300 level. CS/BTC pair is flat too and holds above 0.00000330 level where the strong support is obvious. It seems like a consolidation pattern with a good chance to brake 0.00000360 resistance level and to rise to 0.00000400/0.00000420 zone as the...

Trading_Smart

BTC and ETH pairs remain in sideways pattern with Bitcoin holding above 8900/9000 level. Obviously the liquidity and volumes are low. Due to some selling pressure and BTC plunge to 8900 on Saturday the CS/BTC pair failed to hold 0.00000350 support level. However it still seems the good news from CS Team and solid technical pattern with major support at 0.00000330...

Trading_Smart

Nothing is going on the main crypto pairs markets. BTC and ETH pairs remain flat. Yesterday on good news from CS Team CS/BTC pair successfully broke 0.00000350 resistance level and touched 0.00000377. If 0.00000350 support level is strong enough then the second leg up to 0.00000400/ 0.00000420 zone is pretty likely early next week.